Celestica, Inc. $CLS Holdings Cut by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC reduced its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,134 shares of the technology company’s stock after selling 28,695 shares during the period. Celestica makes up 4.5% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 2nd biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Celestica were worth $47,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. ST Germain D J Co. Inc. bought a new stake in shares of Celestica during the 2nd quarter valued at about $37,000. First Horizon Advisors Inc. grew its holdings in shares of Celestica by 33.1% during the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after purchasing an additional 87 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after purchasing an additional 114 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Celestica by 20.0% in the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $385.00 target price (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Citigroup raised Celestica from a “neutral” rating to a “buy” rating and increased their target price for the company from $212.00 to $375.00 in a research note on Monday, November 10th. UBS Group raised their price target on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, CIBC upped their price objective on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $336.13.

Insider Transactions at Celestica

In related news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by insiders.

Celestica Price Performance

Shares of NYSE:CLS opened at $300.53 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock has a market cap of $34.56 billion, a PE ratio of 48.79 and a beta of 1.85. The company’s fifty day moving average is $280.05 and its 200 day moving average is $200.73. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. Research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.